Target News Now

05/05/2011 - 10:29
Target withstands Walmart’s EDLP assault

The 13.1% increase in same-store sales Target reported for April was toward the low end of the company’s projection of an increase in the mid-teens and begs the question whether Walmart’s mid-month launch of a new marketing campaign contributed to the weakness.

05/02/2011 - 16:04
Target exec joins chain drug board

Jose Barra, SVP health care and beauty at Target, is among four new members elected to join the 21-member board of directors of the National Association of Chain Drug Stores (NACDS).

05/02/2011 - 16:02
What mom wants to read on May 8

This Mother’s Day is shaping up to be a battle between Amazon’s Kindle and Barnes & Noble’s Nook, with the popular e-readers featured on the cover of circulars from Target and Walmart that dropped this past weekend.

05/02/2011 - 15:40
Determining low-price leader not so simple

The most recent pricing survey from the equity research team at Credit Suisse shows that Target is either 3.1% more expensive or 1.9% less expensive than Walmart. The firm compared prices at stores in the Dallas and Chicago markets, as it does every month, and during March discovered the gap between the two competitors narrowed considerably.

05/02/2011 - 14:57
Disaster preparedness plans include compassion

Target was among the major U.S. companies who were quick to step up after the wave of tornadoes brought unprecedented death and destruction to communities throughout the Southeast.

05/02/2011 - 12:43
Target ‘chills out’ with EPA group

Target is the newest member of the U.S. Environmental Protection Agency’s GreenChill organization. The decision to join the group comes as Target has been expanding the frozen and refrigerated capacity in its stores at a breakneck pace as part of the PFresh remodeling program.

05/02/2011 - 12:38
Lowe’s flatters Target with look-alike loyalty program

The 5% REDcard Rewards program Target launched last fall has contributed to sales results and served as a game changer on the pricing front with Walmart. Savvy shoppers are increasingly realizing the additional 5% savings they receive by using their REDcard can result in the price of a basket of food and consumables at Target slipping below the price of a comparable basket at Walmart.

Now, Lowe’s is looking to accomplish a similar feat against Home Depot and has launched its own variant of the 5% program just six months after Target’s nationwide rollout.

05/02/2011 - 10:38
Target donates $200K to support tornado relief efforts

Target announced that it has donated $200,000 in cash to the American Red Cross to support tornado relief efforts in the Southern United States.

04/26/2011 - 16:15
Target chill with green refrigeration

Target announced that it will adopt green refrigeration technologies in its stores as part of its new membership in the U.S. Environmental Protection Agency's (EPA) GreenChill program.

04/25/2011 - 15:34
Walmart CEO shops at Target

A Reuter’s report this week quotes the manager of a Target store in Rogers, Ark., regarding the fact that Mike Duke, president and CEO of Wal-Mart Stores Inc., is an occasional visitor in his store. Well of course he is. And so are hundreds if not thousands of other Walmart employees.

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